DENEB INVESTMENTS LIMITED - Acceptance Of Options Granted In Terms Of The Deneb Investments Long Term Incentive Scheme

Acceptance Of Options Granted In Terms Of The Deneb Investments Long Term Incentive Scheme

DENEB INVESTMENTS LIMITED
(previously K2013091290 (Proprietary) Limited)
Registration number: 2013/091290/06
(Incorporated in the Republic of South Africa)
JSE share code: DNB     ISIN: ZAE000197398
(“Deneb” or the “Company”)

ACCEPTANCE OF OPTIONS GRANTED IN TERMS OF THE DENEB INVESTMENTS LONG TERM
INCENTIVE SCHEME

Shareholders are referred to the SENS announcement dated 4 February 2014
relating to the acceptance of options granted in terms of the Deneb
Investments Long Term Incentive Scheme (“the Scheme”) (“Announcement”).
Shareholders are advised that the final number of options granted to
participants in terms of the Scheme differs from the information previously
set out in the Announcement. Accordingly, the information set out in this
announcement replaces the information set out in the Announcement.

In compliance with rules 3.63 to 3.74 of the JSE Limited Listings
Requirements, the following information is disclosed:

NAME OF DIRECTOR                      S A Queen
COMPANY OF WHICH I AM A DIRECTOR      Deneb
STATUS: EXECUTIVE/NON-EXECUTIVE       Executive
TYPE OF SECURITIES                    Options to subscribe for ordinary
                                      shares
CLASS OF SECURITIES                   Ordinary
DATE OF SHARE OPTION ACCEPTANCE       4 February 2015
OPTION STRIKE PRICE (CENTS)           184
NUMBER OF OPTIONS ALLOCATED           1,091,401
TOTAL RAND VALUE OF OPTIONS           R2 008 177.84
STRIKE DATES OF OPTIONS               10% from 27 January 2016
                                      20% from 27 January 2017
                                      30% from 27 January 2018
                                      40% from 27 January 2019
PERIOD OF EXERCISE                    8 years from grant of options
NATURE AND EXTENT OF INTEREST IN      Direct Beneficial
TRANSACTION
NATURE OF TRANSACTION                 Acceptance of options to subscribe
                                      for ordinary shares in terms of a
                                      share incentive scheme (off-market
                                      transaction)
CLEARANCE OBTAINED                    Yes


NAME OF DIRECTOR                      D Duncan
COMPANY OF WHICH I AM A DIRECTOR      Deneb
STATUS: EXECUTIVE/NON-EXECUTIVE       Executive
TYPE OF SECURITIES                    Options to subscribe for ordinary
                                      shares in the share capital of Deneb
CLASS OF SECURITIES                   Ordinary
DATE OF SHARE OPTION ACCEPTANCE       4 February 2015
OPTION STRIKE PRICE (CENTS)           184
NUMBER OF OPTIONS ALLOCATED           1,564,245
TOTAL RAND VALUE OF OPTIONS           R2 878 210.80
STRIKE DATES OF OPTIONS               10% from 27 January 2016
                                      20% from 27 January 2017
                                      30% from 27 January 2018
                                      40% from 27 January 2019
PERIOD OF EXERCISE                    8 years from grant of options
NATURE AND EXTENT OF INTEREST IN      Direct Beneficial
TRANSACTION
NATURE OF TRANSACTION                 Acceptance of options to subscribe
                                      for ordinary shares in terms of a
                                      share incentive scheme (off-market
                                      transaction)
CLEARANCE OBTAINED                    Yes



NAME OF DIRECTOR                     G D T Wege
COMPANY OF WHICH I AM A DIRECTOR     Deneb
STATUS: EXECUTIVE/NON-EXECUTIVE      Executive
TYPE OF SECURITIES                   Options to subscribe for ordinary
                                     shares in the share capital of Deneb
CLASS OF SECURITIES                  Ordinary
DATE OF SHARE OPTION ACCEPTANCE      4 February 2015
OPTION STRIKE PRICE (CENTS)          184
NUMBER OF OPTIONS ALLOCATED          865,413
TOTAL RAND VALUE OF OPTIONS          R1 592 359.92
STRIKE DATES OF OPTIONS              10% from 27 January 2016
                                     20% from 27 January 2017
                                     30% from 27 January 2018
                                     40% from 27 January 2019
PERIOD OF EXERCISE                   8 years from grant of options
NATURE AND EXTENT OF INTEREST IN     Direct Beneficial
TRANSACTION
NATURE OF TRANSACTION                Acceptance of options to subscribe
                                     for ordinary shares in terms of a
                                     share incentive scheme (off-market
                                     transaction)
CLEARANCE OBTAINED                   Yes


NAME OF DIRECTOR                     I N Morris
COMPANY OF WHICH I AM A DIRECTOR     Prima Toy and Leisure Trading (Pty)
                                     Ltd
STATUS: EXECUTIVE/NON-EXECUTIVE      Executive
TYPE OF SECURITIES                   Options to subscribe for ordinary
                                     shares in the share capital of Deneb
CLASS OF SECURITIES                  Ordinary
DATE OF SHARE OPTION ACCEPTANCE      4 February 2015
OPTION STRIKE PRICE (CENTS)          184
NUMBER OF OPTIONS ALLOCATED          644,581
TOTAL RAND VALUE OF OPTIONS          R1 186 029.04
STRIKE DATES OF OPTIONS              10% from 27 January 2016
                                     20% from 27 January 2017
                                     30% from 27 January 2018
                                     40% from 27 January 2019
PERIOD OF EXERCISE                   8 years from grant of options
NATURE AND EXTENT OF INTEREST IN     Direct Beneficial
TRANSACTION
NATURE OF TRANSACTION                Acceptance of options to subscribe
                                     for ordinary shares in terms of a
                                     share incentive scheme (off-market
                                     transaction)
CLEARANCE OBTAINED                   Yes


NAME OF DIRECTOR                     F Nussbaum
COMPANY OF WHICH I AM A DIRECTOR     Prima Toy and Leisure Trading (Pty)
                                     Ltd
STATUS: EXECUTIVE/NON-EXECUTIVE      Executive
TYPE OF SECURITIES                   Options to subscribe for ordinary
                                     shares in the share capital of Deneb
CLASS OF SECURITIES                  Ordinary
DATE OF SHARE OPTION ACCEPTANCE      4 February 2015
OPTION STRIKE PRICE (CENTS)          184
NUMBER OF OPTIONS ALLOCATED          300,032
TOTAL RAND VALUE OF OPTIONS          R552 058.88
STRIKE DATES OF OPTIONS              10% from 27 January 2016
                                     20% from 27 January 2017
                                     30% from 27 January 2018
                                     40% from 27 January 2019
PERIOD OF EXERCISE                   8 years from grant of options
NATURE AND EXTENT OF INTEREST IN     Direct Beneficial
TRANSACTION
NATURE OF TRANSACTION                Acceptance of options to subscribe
                                     for ordinary shares in terms of a
                                     share incentive scheme (off-market
                                     transaction)
CLEARANCE OBTAINED                   Yes


Cape Town
5 February 2015

Sponsor
PSG Capital

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